Stop-motion films take a lot of time and work, and it seems Disney has decided to cut its losses and not risk sinking any more cash into a project it doesn't feel strongly enough about to get behind.

Though it's bad news for fans hoping to see Selick's secret stop-motion project, Disney says it will allow him to shop the project around, so hopefully someone will take a chance on it.

Want some more fallout? Selick signed on with Disney earlier this year to take the reins of a big-screen adaptation of Neil Gaiman's The Graveyard Book, and no one knows for sure exactly how this news will affect his working relationship with the company. Here's hoping he stays, because he definitely has the vision to bring the story from book to film.